StockNews.com downgraded shares of Kewaunee Scientific (NASDAQ:KEQU – Free Report) from a buy rating to a hold rating in a research note issued to investors on Friday morning.
Kewaunee Scientific Stock Down 1.3 %
KEQU stock opened at $47.58 on Friday. Kewaunee Scientific has a one year low of $30.74 and a one year high of $71.33. The stock has a market capitalization of $136.65 million, a PE ratio of 7.54 and a beta of 0.71. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.13 and a current ratio of 2.64. The company has a fifty day moving average of $58.59 and a 200-day moving average of $47.82.
Kewaunee Scientific (NASDAQ:KEQU – Get Free Report) last released its earnings results on Wednesday, March 12th. The technology company reported $1.09 EPS for the quarter. Kewaunee Scientific had a net margin of 9.39% and a return on equity of 25.83%. The company had revenue of $67.17 million during the quarter.
Insider Activity at Kewaunee Scientific
Institutional Trading of Kewaunee Scientific
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in Kewaunee Scientific by 2,605.9% during the fourth quarter. Bank of America Corp DE now owns 460 shares of the technology company’s stock worth $28,000 after acquiring an additional 443 shares during the last quarter. Jane Street Group LLC acquired a new position in Kewaunee Scientific during the fourth quarter worth about $300,000. Marshall Wace LLP acquired a new position in Kewaunee Scientific during the fourth quarter worth about $736,000. Invesco Ltd. acquired a new position in Kewaunee Scientific during the fourth quarter worth about $6,545,000. Finally, Wedbush Securities Inc. acquired a new position in Kewaunee Scientific during the fourth quarter worth about $262,000. Institutional investors and hedge funds own 32.69% of the company’s stock.
About Kewaunee Scientific
Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. The company operates through two segments, Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.
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